hit tracker
Thursday, June 8, 2023
HomeLatest NewsThe creation of companies falls 2.5% despite the 2% rise in the...

The creation of companies falls 2.5% despite the 2% rise in the initial capital

Date: June 8, 2023 Time: 11:55:41

The economic instability caused by the war in Ukraine in 2022 throughout the world, when the creation of companies has fallen by 2.5% at the end of the year, standing at 99,502 new entities, although the initial capital invested in its constitution has increased by 2%, reaching a total of 5,172 million euros, according to the Study on Business Demography of Informa D&B.

In December the drop in the creation of companies was accentuated, since there were 8,306 constitutions that represent 7% less than the same month of the previous year. The same happened with the initial capital invested which, with a year-on-year cut of 11%, stood at 513 million.

The three companies incorporated in 2022 with the highest investment were ArcelorMittal Flat Holding Spain, with 314 million euros, Baladre Capital, with 237 million, and Invercachi, with 159 million.

Construction, trade and business services account for 57% of the total

The sectors of construction and real estate activities, commerce and business services were the ones that registered the most new companies last year, with 23,027, 19,234 and 14,793 constitutions, respectively. These greenhouse effects thus 57% of the total creation of companies.

However, the rate of business creation only grew in activities classified as ‘other services’ (11%), hospitality (8%) and construction (5%). In addition, the sharpest drop in December occurred in the commercial sector, in which 287 fewer companies were created than the previous month.

The initial capital invested in the formation of new companies increased in nine economic sectors, with the extractive industries leading the way (117%), followed by energy (36%), health (35%) and hospitality (24%). ). The new financial intermediation companies were the ones that added the greatest initial capital, with more than 2,500 million euros invested in total, followed by those related to construction, with 1,252 million, although these presented the year-on-year cut.

Madrid center 23% of new companies

Madrid, with 23,057 constitutions, was the community in which the most new companies were registered in 2022, followed by Catalonia (19,095) and Andalusia (17,212), although in all of them the figure was lower than the previous year.

The annual business creation rate only grew in Melilla, the Balearic Islands and the Canary Islands, with increases of 9%, 11% and 3%, respectively. However, during the month of December, constitutions increased in Castilla y León, Extremadura, Galicia, the Canary Islands, La Rioja and Murcia.

The Community of Madrid was also the region in which the most initial capital was invested last year, reaching 1,457 million euros and with a positive variation of 43%. The Valencian Community was the next in the ranking, with more than 1,000 million euros invested and a growth of 53%.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

Most Popular

Recent Comments